You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Chinese auto brands limp into Beijing show
    China's automakers are the underdogs heading into next week's Beijing auto show, where foreign and domestic brands will jostle for attention in a market that is increasingly difficult for homegrown models.
  • Wabash hospital to join Parkview
    A new partnership is bringing a new hospital to Wabash.Parkview Health on Wednesday announced plans to affiliate with Wabash County Hospital.
  • Toyota Camry gets makeover
    Shaken by the advances of newer, sportier rivals, the Toyota Camry is trying to shed its vanilla reputation.
Advertisement

Fed: US growth stays moderate during shutdown

– A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown in October, growing moderately in most regions from October through late November.

The Fed said seven of its 12 banking districts described growth as moderate. Four – Philadelphia, Chicago, Kansas City and San Francisco – said growth was modest. Boston said growth was up.

Manufacturing strengthened in most districts, helped by production of autos and high-tech products. Consumers boosted spending in most regions, and retailers were hopeful yet cautious about the holiday shopping season. Hiring improved in five of the districts.

The Beige Book survey, as it is known, is based on anecdotal reports from businesses and will be considered along with other data when the Fed meets Dec. 17 and 18.

Advertisement